Oct 5, 2020

Best and Worst States for Retirees

Based on crime rates, cost of living, life expectancy, property prices, and population age, Florida is the best U.S. state for retirement in 2020, according to a new report by Blacktower Financial Management Group. The Sunshine State ranked 9th last year.

With its warm temperatures, dazzling white beaches, and range of outdoor activities Florida scored well across the board. Second place goes to Minnesota, which also ranked second in 2019. With a low crime rate and a high population of citizens over the age of 60, the Gopher state allows retirees to enjoy socializing and mixing with a similar age group, according to Blacktower Financial’s report.

Meanwhile, the 49th and 50th states to be added to America—Alaska and Hawaii, respectively, rank as the top two worst states for retirement. This is the second year in a row that Alaska has taken the most undesirable spot. The state’s remote location and cold climate don’t appeal to the older generation seeking an easier way of life. Retirees find Hawaii unattractive due to the state’s expensive real estate and high cost of living.